Chip industry faces shortage of 7 lakh workers by 2030: IESA chief
The Indian semiconductor industry is poised to play a crucial role in addressing the global shortage of skilled workers in the chip industry. According to Ashok Chandak, President of the India Electronics and Semiconductor Association (IESA), the sector could face a shortage of around seven lakh workers by 2030. This shortage presents a significant opportunity for India to fill the void and become a major player in the global semiconductor industry.
The global semiconductor industry is facing a severe shortage of skilled workers, and this trend is expected to continue in the coming years. The industry is witnessing a significant increase in demand for chips, driven by the growing adoption of emerging technologies such as artificial intelligence, Internet of Things (IoT), and 5G. However, the shortage of skilled workers is likely to hinder the industry’s growth, and companies are looking for ways to address this issue.
India, with its large pool of talented engineers and technicians, is well-positioned to capitalize on this opportunity. The country has already made significant strides in the semiconductor industry, with several major companies setting up manufacturing facilities and design centers in India. The Indian government has also launched several initiatives to promote the growth of the semiconductor industry, including the creation of a semiconductor policy and the provision of incentives for companies setting up manufacturing facilities in the country.
However, to fully capitalize on this opportunity, India needs to update its technical curriculum and develop manufacturing-related training programs. The current education system in India is not adequately equipped to provide students with the skills required by the semiconductor industry. There is a need to introduce courses and training programs that focus on areas such as chip design, manufacturing, and testing.
The IESA has been working closely with the government and industry players to address the shortage of skilled workers in the semiconductor industry. The association has launched several initiatives, including training programs and workshops, to provide students and professionals with the skills required by the industry. The IESA has also been working with educational institutions to update their curriculum and include courses related to the semiconductor industry.
The shortage of skilled workers in the semiconductor industry is not just a problem for India, but a global issue. Companies around the world are facing difficulties in finding skilled workers, and this is likely to have a significant impact on the industry’s growth. However, India’s large pool of talented engineers and technicians, combined with its relatively low labor costs, makes it an attractive destination for companies looking to set up manufacturing facilities and design centers.
The Indian government has also recognized the potential of the semiconductor industry and has launched several initiatives to promote its growth. The government has created a semiconductor policy, which provides incentives for companies setting up manufacturing facilities in the country. The government has also set up a fund to support the growth of the semiconductor industry, which will provide financial support to companies setting up manufacturing facilities and design centers in India.
In addition to the government’s initiatives, several major companies have already set up manufacturing facilities and design centers in India. These companies include Intel, Samsung, and Texas Instruments, among others. These companies have not only created jobs for skilled workers but have also contributed to the growth of the Indian economy.
In conclusion, the shortage of skilled workers in the semiconductor industry presents a significant opportunity for India to become a major player in the global chip industry. With its large pool of talented engineers and technicians, India is well-positioned to capitalize on this opportunity. However, to fully capitalize on this opportunity, India needs to update its technical curriculum and develop manufacturing-related training programs. The government and industry players need to work together to address the shortage of skilled workers and promote the growth of the semiconductor industry.
The Indian semiconductor industry has the potential to become a significant contributor to the country’s economy, and the government and industry players need to work together to realize this potential. The shortage of skilled workers in the semiconductor industry is a challenge, but it also presents an opportunity for India to become a major player in the global chip industry.
As the demand for chips continues to grow, driven by emerging technologies such as AI, IoT, and 5G, the Indian semiconductor industry is poised to play a crucial role in addressing this demand. With the right policies and initiatives in place, India can become a major hub for semiconductor manufacturing and design, creating jobs and contributing to the growth of the economy.
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